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. gerri: let's talk about entitlement programs and the impact on them. social security will have a deficit this year of $6 billion yet again. can't keep up with social security. what is the longer-term impact of what is going on on these programs? >> we really do need to have a deal on a big problem, which is the national debt larger than the economy, driven by broken entitlement programs. medicare has a huge deficit, $300 billion every year. 10,000 new beneficiaries every day. medicaid deficit finance right now. those are key parts of a safe bet that we'll b will be fallinr their own financial weight unless they are fixed. what we really have to do on behalf of the next generation. gerri: they want to raise the debt ceiling again, as a matter of fact by monday we will be out of dough. it is unconscionable to me we are in this position again. let's remember what happened last time. the market sold off, the economy went into the tank. will that happen all over again? >> i think it is a serious possibilities out like to make that they don't mix the debt ceiling in with the fiscal cliff. we h
insurance for 2 million americans, and lays the groundwork for further work on both growth and deficit reduction. that's an achievable goal. >> reporter: after the meeting the president came into the briefing room and told reporters constructive but added he was only modestly optimistic that a deal can be reached by the deadline, a sign that there's a very real possibility we're going off the fiscal cliff. at the white house ed henry, fox news. >>> to the edge in virginia now, a spokesperson for idaho republican senator michael crapo says he will not fight his dui charges. senator crapo got pulled over saturday in alexandria. police say he ran a red light. the senator reportedly registered a blood alcohol level of .11. the legal limit in virginia is .08. sources say the senator consulted an attorney. he is due in court january 4th. >>> the edge on d.c. tonight where a bank robbery suspect was spotted on a metro surveillance camera. want you to take a look at the man walking in the foreground of this video. the fbi believes he robbed the suntrust bank on h street northwest on wednesday
the difference between the annual deficit and the national debt. the national debt is the fiscal cliff. we say it's unsustainable. from a mathematical standpoint, it is almost insurmountable. the only thing these taxes will do, i have graduate students who could not put into words what a trillion dollars was. host: go ahead and finish your thought on what these taxes will do. caller: what they will do is they will give the politicians a little leeway to fool around with the national deficit, the annual deficit, but they will not put a dent in the $16 trillion debt that we owe. that is the problem. host: we appreciate that call. over the past couple weeks, c- span has been conducting interviews with some of the retiring members. we have been showing those interviewed this week. tonight, one of the retiring members we spoke with is representative lynn woolsey, a democrat of california, served about 20 years. here's a portion of that interview. [video clip] >> i was on welfare because my children, ages 1, 3, and five years old, their father was diagnosed manic depressive, he would not do anything ab
then for additional deficit reduction and economic growth steps we can take in the new year. >> reporter: if the congressional leaders don't reach a deal by december 31st, the financial markets could one is a bit and, consider this. the current congress is only in session until noon on january third. after that, 13 new senators and 82 new house members would take over and try to solve the problem and that is an overwhelming task out of the gate. back to you. >> thank you for. that. >>> we want to get back to the weather. let's take a live look outside. the snow and rain has tapered off here in the district, at least, but it's getting colder. maryland state officials are warning drivers to stay off of the roads if they don't have to be on them and get the latest on conditions with tucker barnes. he has the first look at the weekend weather. >> reporter: things are getting better out there and the storm system is long gone. the winds are picking up and overnight lows below freezing and there is a live look at satellite radar and you can see the rain and/or snow across the region and pushin
yes. the helicopter has to get off the platform since the election, solving or debt and deficit problem knows that you can't cole of our debt problem before it is not faeblible. >> the president arrived at 3310:00 am and made calls to the house and senate leadership as the negotiations continued. do you sense, sir, there is a period of compromise, where nobody was talking and everybody was holding the ground firmly? do you have a greater sense of comp moise as we into -- the speaker said the president didn't next any dale or the compromise so i ge he'll take that up in the shat, hopefully vote for it. >> part part of the problem last week was the conservative wing of the party that i put you in for plan "b," and it was seening a something of a mutiny against john boehner at that point. so i'ming what is do you feel the support think of wing of the part is rhettest to president the measure? >> the this the has to stop a theso threat at the first motion of a pours bill and there were members in the house unwilling to vote on a bill that the president said he's going to veto. the h
but the debate over the deficit and the debt that is behind this? >> well, if you go back to 2001 and thereafter, the cost of the war was not included in the budget except the military and the defense budget. but the additional costs were not reflected in the budget. there were always supplementals. so they didn't show as a deficit. a vendor ackley to the debt. so while the budgets were reasonable in that period of time, the actual spending didn't show in the budget and people didn't pay as much attention to the debt as they do today because it kept mounting and so we borrowed to pay for the war and in fact we didn't ask people to make sacrifices financially. >> there is a difference between borrowing in the future, paying for work and paying back words, we are having to pay right now. people might have felt differently if they had felt the pinch right at that time. we would have asked different questions and were asked, and i think that is one of the reasons we got where we are. and it's where we are. >> on appropriations could you have been any more vocal about it to provide us getting into t
taxation by using a flat tax. that way you can calculate the amount of taxes we need for the deficit over 10 years. another point is to control the spending on entitlements by not giving millionaires social security benefits, thereby satisfying president obama's approach. instead of doing it through taxation, he can do it through the entitlements. guest: those are both ideas that have been raised, especially the social security and medicare benefits for the wealthy and potentially might not need them to live off of. one tricky part of that is wealthier americans have been paying these taxes for decades into social security and medicare if and a lot of folks have a problem with the idea of taking away their benefits they have paid for if just because they happen to be more well off. and issued the first caller raised and something to watch is this could really sort of set the tone for the president's second term. if this thing gets ugly and stays ugly, it's probably going to stay that way at least another year or two, and the next thing you know, he's a lame duck president. if we cut a dea
an agreement that will grow our economy and shrink the deficit. a balanced plan that would cut spending in a responsible way but also ask the wealthiest americans to pay a little more. and above all, protect our middle class and everybody who is striving to get into the middle class. i still want to get this done. it's the right thing to do for our families, for our businesses and for our entire economy. but the hour for immediate action is here. it is now. we're now at the point where in just four days, every american's tax rates are scheduled to go up by law. every american's paycheck will get considerably smaller. and that would be the wrong thing to do for our economy it would be bad for middle class families and it would be bad for businesses that depend on family spending. fortunately congress can prevent it from happening if they act right now. i just add good and constructive discussion here at the white house with senate and house leadership about how to prevent this tax hike on the middle class. and i'm optimistic we may still be able to reach an agreement that can pass both h
on both growth and deficit reduction. that's an achievable goal. that can get done in ten days. >> congress is also in recess until after christmas. in his weekly address, house speaker john boehner accused the president and senate democrats of failing to offer a responsible solution. boehner's own proposal had to be pulled this week after he failed to get enough support from fellow republicans. >>> and the national rifle association promised meaningful contributions to avoid another tragedy like the one in newtown, connecticut. friday, the gun rights group unveiled that plan. nra executive vice president wayne lapierre says the u.s. should put armed guards in all schools. the comments came one week after 20 children and seven adults excludeing the gunman were killed in one of the worst mass shootings in u.s. history. >>> and what was a poorly guarded secret in washington, john kerry nominated to the next secretary of state. susan rice was believed to be the first choice, but she pulled her name out of the running after several members of congress attacked her responses to the
. that is discouraging to america's ceo's. >> we still have the big problem of how we are going to fix our deficit and debt in the country. we know the parties have to work together, and we know we have to resolve this as quickly as possible. >> wall street is keeping a close eye on talks in washington. analysts are worried that any delay could rattle already fragile markets. >> two weeks after the tragedy at sandy hook elementary, the topic of gun-control has heated up at the state and federal levels and as talk of legislative action increases, so do gun sales. then sales have spiked across the nation as people are buying guns that are now legal but may not be if new legislation passes. maryland is no exception. there were 7200 applications in november, but following the shooting, those numbers do to be spiking. >> we do not have part numbers for december but we believe we are looking at over 8200 purchase applications. >> in 2011, more than 46,000 purchase applications were processed. by the end of the year, police protect 62,000 will be handled. a man remains in a coma after being beaten at a h
on both growth and deficit reduction. >> the president's solution of raising tax rates would be red ink as far as the eye can see. and it would hurt jobs. >> if congress fails to reach any agreement in con-- income tax rates will go up on about everybody on january 1st. unemployment benefits will expire for many as well. >>> the u.s. senator arrested for driving under the influence says he is "deeply sorry" for what happened. police say that michael crapo was pulled over early sunday in dc for running a red light. he he was arrested after failing a sobriety test. he has been released on bond and he is a mormon from idaho and has said in past interviews he abstains tans from drinking because it's prohibit -- from drinking abtans interest -- abstains from drinking alcohol because it's prohibited by the church. >>> bolt a man has been -- a man is 36-year-old gregory stegall and a officer was on patrol when he noticed a suspicious man behind the shell. he asked the man to come out from behind the business and he refused and police say he threatened the officer with a knife. the man was shot
for 2 million americans and lays the groundwork for further work on both growth and deficit reduction. >> the president's solution of raising tax rates would be redink as far as the eye could see and it would hurt jobs. >> president obama says that he will cut his holiday vacation short and try to hammer out the deal with congress. law makers are expected to return to washington later on this week to continue the negotiations. >>> well it's christmas eve and guess what, not everybody has done their christmas shopping. as i am suspecting you are the ones guilty of this. our floor director here a woman, she says she has not finished either. so if you are one of those procrastinators, you are not alone. millions of people are expected to hit the stores. abc2 news linda so is live this morning at the mall in columbia with those last-minute shoppers. i can't believe so many people wait so long linda. >> reporter: i know. i guess it's exciting for them. i don't get it i was done on black friday and i am not bragging but again some people like to shop under pressure. you know macy's and the
of more economic growth and deficit reduction. guys, i can hear you over here. i believe such proposal could pass both houses with bipartisan majorities, as long as those leaders allow it to actually come to a vote. if members of the house or the senate want to vote no, they can. but we should let everybody vote. that is the way this is supposed to work. if can you get a majority in the house, then can you get a majority in the senate, then we should be able to pass a bill. so the american people are watching what we do here. obviously their patience is already thin. this is deja vu all over again. america wonder yes it is that in this town for some reason, you can't get stuff done in an organized timetable, why everything always has to wait until the last minute. well, we're now at the last minute. and the american people are not going have any patience for a politically self-inflicted wound to our economy. not right now. the economy's growing but sustaining that trend is going to require elected officials to do their jobs. the housing market is recovering but that could be impacted i
the deficit, the president wants to increase taxes on people earning $250,000 or more but he did show his willingness in negotiates with boehner to raise that number to $400,000. that, however, went nowhere. meanwhile, boehner broke with the gop. it was his so-called plan b offering to raise taxes on people earning more than a million dollars but republicans would not budge on that. they do not want any more taxes. they want to make some cuts in spending and they blame the president for pushing the nation to the brink. that is the latest here at the white house. back to you. >> thank you. >>> what do you think about congress not reaching a deal on the fiscal cliff? do you think it is possible that i compromise will be reached before the deadline. share your comments on our facebook page. just search for fox 5 morning news. no space between fox and the number 5. we may share your comments on air. >> i'm sure you all have a lot to say. we would love to hear t. >>> a big story we are following. norman schwarzkopf has died. the retired general died from come indications of pneumonia. he was g
their deficit and we cannot, the world will switch to euros. there is a tweet here -- guest: the cbo is supposed to be a political, but it cannot be too alarmist. if we go over the cliff, we are looking on january 1, some of this is already milton. about $600 million -- $650 billion in spending cuts and tax increases. that is about 4% of gdp. that is an enormous negative stimulus. a detraction from demand. that would surely be a deep recession. the cbo relies on simulation models that did not take into consideration investor sentiment, the reaction of consumers, and so forth that they wholly lose confidence in their government. if we go over the cliff and stay there, people will start to conclude that washington cannot manage its affairs. all bets are off on economic modeling. it is impossible to say what happened that other than it would be very negative. host: one piece that you actually did right has this headline -- take the idea of a recession next year. with the perspective of everything else going on, when a recession look like? guest: it depends on how we get there. if we have a fiscal c
and there will still be an enormous amount of work to do both on deficit reduction and tax reform, not to mention dealing with massive spending cuts which by most accounts are not likely to be involved in the agreement. don't know that for sure, but that's our understanding going in, martin. >> i think it's a safe bet. both sides have different wants. so what's holding these two sides apart when the this he know that so very much is on the line for everyday americans? >> it's a great question. i mean, what's really holding them apart are massive ideological differences. this is about government's role in your life. democrats want more of a social safety net, republicans prioritize lower taxes. and that's what distinguishes the democratic and the republican parties sop so that's what they're fundamentally fighting about. if you break it down to the basic deal points right now, democrats say this smaller deal should include a tax increase for households that make $250,000 and more. an extension of unemployment benefits as you pointed out for about 2 million americans, a delay of those massive spend
if you are wondering about reducing our deficit next year. host: candace on our line for independents. caller: i am never been able to get through before thank you for taking my call. unfortunately, i have to say that the republican congress is not going to do anything. you have to look that the last 03 years. they have not done a thing. the-you have to look at the last -- you have to look at the last two years. they have not done anything about job ax or the infrastructure build. i read an -- they have not done anything about the jobs act or the infrastructure build. i read an article about $2.60 trillion could be saved without touching safety nets. it is a well-written article. he talks about how eliminating unproductive and unnecessary tax spenders. the-tax expenditures. he especially talks about -- he especially talks about tax cuts. caller: -- guest: the republicans have been talking about spending cuts. it is true that they have not been as eager to pass the president's's stimulus plan. predictably, those two things conflict. the republicans want to go in the other direction. it
the groundwork for further work on both growth and deficit reduction. >> the president's solution of raises tax rates would be red ink for as far as the eye can see. and it would hurt jobs. >> reporter: the partisan bickering put the country on the brink of a potential economic crisis. long time lawmakers dismayed. >> it's the first too many i feel it's more likely we will go over the cliff than not and that if we allow that to happen, it will be the most colossal consequential africa congressional irresponsibility in a long time. >> reporter: president obama is in hawaii for christmas and says he will cut vacation short to try to hammer out a deal with congress. the deadline is now a week away. andrew spencer reporting. >>> as we gather with our loved ones on christmas eve we are reminded the holidays for familiesin newtown connecticut will be somber. people came together to make snowflake decorations for the survivors of the sandy hook shooting. they say they wanted to do something to help make the town beautiful again and turn it into a winter wonderland instead of a place filled with so muc
cut the deficit budget. the court took issue with not with the tax, but taxing household equally. and for the latest headlines log onto foxnews.com. you're watching the most powerful name in news, fox news channel. >> paul: welcome back to this special he edition, journal he had t.editorial report. and this year continued high unemployment and slow economic growth. what can we expect in 2013? we're back with dan henninger, mary anastasia o'grady and dan moore. mary explain the slow growth and the markets. >> if respect to the markets, i would say if you look at a chart for, for example, the s&p 500, you go back to april of 2011 to october of 2012. you're basically flat. there's a lot of churning up and down, but in the last months a pickup there and certainly, from the end of -- from the beginning of this year we saw a run on the market, but you don't have a great return if you're a long-term investor. >> paul: right, so, okay, if growth is still slow, okay, why are-- and some people are still investing in companies and the corporate balance sheets earnings have been pretty good,
americans look for a job and lays progress for more economic growth and deficit reduction. i believe such a proposal could pass both houses with bipartisan majorities as long as these leaders allow it to come to a vote. >> republican house speaker john boehner said he's willing to bend on raising tax force the wealthiest americans to avoid the physical cliff. >>> don't be surprised if you come across a dui checkpoint in your neighborhood over the next few days. the highway patrol and other law enforcement agencies have their checkpoints in place. >>> a bay area law maker is proposing a new solution for getting repeat drunk drivers off the roadways. it's already being as youd in other states. abc7 news reporter david louie has the details of the new proposal. >> the thinking behind the proposed crack down of repeat offenders is to address what state senator jerry hill says is a high rate of drunk drivers who don't modify their behavior. he cites twine statistics, the most recent numbers available. >> there were 161,000, 161,000dui arrests and convictions in california. twenty seven pe
the ground work for future cooperation on more economic growth and deficit reduction. >> now, that's a little different i. the president is saying he's going to urge the senate majority leader to go in an up or down vote which really rallies the country to call on their senators. and when he referred to unemployment insurance and unemployed people looking for work, the benefits that are set to expire, expire, now, are lifelines for people who work. 2 million people we're talking about. average check they receive is $320 per week. benefits goes to those who have been unemployed more than 6 months. every dollar in unemployment benefit translates to $1.10 in additional economic activity. these people have been out of work. these are people that invested in unemployment insurance, been out of work over 6 months. depend on this $320 a week. it expires unless a deal is made. that's why this is cig nif kant. and the president is saying let's make this happen or call the roll. >> it's time for a reckoning. the reckoning has to occur in a couple of different ways. the president is going to use his bul
then for additional deficit reduction and economic growth steps to take in the new year that. >> bill ass the president calls the bare minimum isn't what many on capitol hill had hoped for. it pushes off until next year the larger problems of dealing with the debt ceiling and automatic spending cuts. study by george mason university found spending cut will result in two million jobs lost and 215 billion dollar drop in the nation gross domestic product. that's the value of all the goods and services produced. for california it means defense spending would be cut by half billion dollars. 12,000 children from low income family would look the access to head start programs, 2,000 fewer women not given screening for breast cervical cancer. domestic violence people would lose services. 8,000 tour california tested for hive and 2 96,000 students would see their title 1 benefit cut. employment assistance to 143 143,000 job seekers also cut. and uc health system could face 21 million in cuts from the loss of medicare revenue. after today white house meeting nancy pelosi said she was encouraged
to address the nation's deficit and with the clock ticking, neither side is giving up ground. >> the american people i don't think understand the house of representatives is operating without the house of representatives. it is being operated with a dictatorship of the speaker. >> this is a conversation we should have had months ago and republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> reporter: the president has called on lawmakers to pass a scaled-down legislation that would spare tax increases on the middle class and leave more sweeping spending cuts and tax hikes to next year. house majority leader eric canter says the house could be in session all the way up until january 2nd dealing with this issue. that is the day before the new congress is sworn in. now, today's meeting here at the white house is the first face to face meeting between the president and gop leaders since december 16th. senate minority leader mitch mcconnell has indicated that he is eager to hear from the president who i
then for additional deficit reduction and economic growth steps we can take in the new year, but let's not miss this deadline. that's the bare minimum we should be able to get done. it shouldn't be that heart since democrats and republicans both say they don't want to see taxes go up on middle-class families. i just have to repeat. outside of washington, nobody understands how it is that this seems to be a repeat pattern over and over again. ordinary folks, they do their jobs. they meet deadlines, they sit down and they are discuss things, and then things happen. the notion that our elected leadership can't do the same thing is mind-boggling to them. it needs to stop. so i'm modestly optimistic that an agreement can be achieved. nobody will get 100% of what they want, but let's make sure middle-class families and the american economy, in fact the world economy, aren't adversely impacted. thank you very much, everybody. >>> right now at 6:00, president obama just wrapped up a news conference in which he said he is modestly optimistic a deal can be reached to avoid the fiscal cliff. >>> doug is t
. a plan that would simplify the tax code, shrink the deficit, protect the taxpayers, and grow the economy. but democrats consistently rejected those offers. the president chose instead to spend his time on the campaign trail. this was even after he got reelected. and congressional democrats sat on their hands. now republicans have bent over backwards. we stepped way, way out of our comfort zone. we wanted an agreement, but we had no takers. the phone never rang. and so now here we are five days from the new year, and we might finally start talking. democrats have had an entire year to put forward a balanced bipartisan proposal, and if they had something that fit the bill, i'm sure the majority leader would have been able to deliver the votes the president would have needed to pass it here in the senate. and we wouldn't be in this mess. but here we are once again at the end of the year staring at a crisis we should have dealt with literally months ago. make no mistake, the only reason democrats have been trying to deflect attention on to me and my colleagues over the past few weeks is that
. there are basically three pieces to solving the deficit, right? one is spending and we have agrowed to $1.6 trillion in spending cuts in the last two years and the other is spending cuts. we put forth spending cuts of over $700 billion. not cutting care to seniors, but cutting overpayments to insurance companies. the burden of the deficit must not just be on the middle class. the wealthy have to kick in. we sent a bill to the house in july that says 98% americans, income up to 240,000 would continue to get tax cuts. above that, people would may more. they made excuses, the bill wasn't right. we have the bill in the house, the bill in the senate. the bottom line is when the speaker put on the floor last week the bill that would say, okay, how about everybody up to $1 million gets a tax cut. couldn't even pass that. we're stuck. we're really stuck. >> the house gop said they put a bill forward in august. so everyone sort of covering themselves saying we got a bill. we didn't ask to go over the fiscal cliff. i'm kind of glad at 3:00 this afternoon, both sides of the house leader smip and house are meet
looking for a job, and lays the groundwork for future progress on more economic growth and deficit reduction. i believe such a proposal could pass both houses with bipartisan majorities as long as these leaders allow it to come to a vote. >> for the republican side, senator roy blunt of missouri who struck a more partisan tone is shifting blame to democrats. >> the republican-controlled house has taken the step in the right direction. the house has passed bills to protect all americans from burdensome tax increases. in addition, they passed legislation to replace damaging across the board spending cuts with responsible targeted ones. and to bring our nation's record debt under control. but instead of working across the aisle and considering the house-passed plan to protect taxpayers, senate democrats have spent months drawing partisan lines in the sand. >> and all of this gridlock in washington has actually helped the current congress make history. not sure if it's the history they want to make because it would be the most unproductive year ever. a review by the "huffington post,"
a little bit more in taxes to help reduce the deficit. it was rejected by his own party, and so then he sent his members home on vacation. i'm over on the senate side right now, they are in session. speaker boehner let the house members go, so first he walked out of the talks with the president, and then he sent everybody home on vacation. obviously we need to have compromise. the senate bill that passed out of the senate many, many weeks ago had compromise. it was passed by republicans and democrats. all we're asking is that speaker boehner hold a vote on that bill. i don't know why he's afraid to even hoet a vote. hold a vote. that is allowing the process to work, allow democrats and republicans in the house to dash. gregg: he said they already voted on a plan to extend all the tax cuts. >> but they had a vote in the senate on that plan and they voted it down, and then on a bipartisan basis they passed another bill. gregg: 0 out of time. thanks for taking a few moments to be with us. it's good to be with you. chris van hollen. patti ann: former president george h.w. bush remains in in
of extremists in terms of our debt and deficit, that we're going to all of a sudden change that? and why are we changing that? especially since most of this money isn't going to be spent, isn't even going to be initialized for at least two years. i'd ask unanimous consent that that amendment be set aside and amendment 3370 be called up. the presiding officer: without objection. the clerk will report. the clerk: the senator from oklahoma, mr. coburn, for himself and mr. mccain, proposes an amendment numbered 3370, as modified. mr. coburn: i'd ask unanimous consent the amendment be considered as read. the presiding officer: without objection. mr. coburn: and per the request of senator schumer, i put a division in this amendment so we would have two votes on it separating out the fisheries because he thought that was important. i was glad to accommodate his needs. the main -- mr. schumer: will the gentleman yield? mr. coburn: i would be happy to. mr. schumer: i just want to thank him, he was gracious. there are two separate issues here, one of them i think most of us on this side would accept. the
of both parties to try to forge an agreement that would grow our economy and shrink the deficit, a balanced plan that would cut spending in a responsible way but also ask wealthy americans to pay more and protect our middle-class and everyone striving to get into the middle class. i want to get this done. it is the right thing to do for our families, businesses, and our economy, but the hour for immediate action is here. it is now. we are at the point where in four days every american's tax rates are scheduled to go up by law. every americans' paychecks will get considerably smaller. that would be the wrong thing to do for our economy, it would be bad for middle-class families, and it would be bad for businesses that depend on family spending. congress can prevent it if they act right now. i just had a good and constructive discussion here at the white house with leadership about how to prevent the tax hike on the middle class. we may reach an agreement that can pass both houses in time. senators reid and mcconnell are working on such an agreement as we speak, but if an agreemen
. republicans demand the government reduce its deficit as a condition for raising the debt ceiling. without a deal, the u.s. would lose its ability to borrow money. they deploy tactics that nearly shut down the government and ultimately cost america its aaa credit rating for the first time in history. but in a last-minute compromise, both sides agree to a trillion dollars in spending cuts up front and another $1.2 trillion in cuts to be decided by a special super committee. but a poison pill was attached. if the super committee can't reach a deal, automatic across the board cuts known as the sequester would go into effect january 2013 at the exact moment when the bush tax cuts extended for two years would expire. so the point is we could have all seen this coming. some of us did. we yelled at the top of our lungs but we were drown out by the election. common sense often gets drown out by seemingly endless and continuous elections in america. this time there may be a serious price to pay for it. >> ali joins me now. i want to pick up on that point. you said people were screaming at the tops
it to getting a deal, which included tax reform and deficit reduction. the talks fell aaparpaapart. >> how we get there god only knows. >> speaker boehner tried to pass an alternative bill that allowed tax rates to rise on those making a million dollars or more. >> they weren't taking that out on me. they were dealing with the perception that somebody might accuse them of raising taxes. >> reporter: before jetting off to hawaii, president obama was prepared to accept a smaller deal as long as it prevented taxes from going up on middle class americans and extended unemployment insurance. >> i expect democrats and republicans to get back to washington and have it pass both chambers, and i will immediately sign that legislation into law before january 1st of next year. >> reporter: but americans say the uncertainty in washington is casting a cloud over their holidays. >> they are responsible for the well-being of all americans, and right now they're more woern wored about politics. >> i would tell them to get off their butts, because most of us aren't making six-figure incomes and we need every
and then they have to come back and get back to the deficit-cutting deal if they can reach that later on. >> and president obama nominated john kerry as second of state. he has been in a good position to do this for a long time, and former nominee, of course, and he is well positioned to do that. he is very popular in the senate, and confirmation is all but assured. so that chapter has at least been closed for now. >> you have a lot to squeeze in today. >> we do, because i want to talk about the fiscal cliff and what it means for the president's agenda in the new year. between the gun debate and between immigration reform and the debt there is so much to do. and the idea that a president gets elected and has the wind at his back is misleading. >> thank you. >> happy holidays. >> thank you. >> can i take one of the poinsetti poinsettias? >> sure, yeah, look, we don't have enough. >>> another cool day ahead of us. >> let's check in with chuck. >>> you can give david a poinsettia. come on. we will talk about what the cold air will be doing when the moisture arrives tomorrow. ♪ i -- i got
are tough questions to answer. my priority is always education and our long term problems. i'm not a deficit hawk. people on both sides do bothwell. i don't understand the fuss about raising the age qualification for social security are medicare. and plead with the caps -- simply lift the caps. franklin roosevelt to not want to be called a socialist. if we just lived in those caps, we would delay -- i can remember the exact numbers. for several decades, anyway. i think that would be less painful than raising the qualified age. medicare is the toughest because of health care costs have been skyrocketing. our country's health care cost is rising faster than any other industrial nation. we don't have much coronation. obamacare had to be cobbled together to appease everybody. we have it and we should be focusing on ways to make our health care more efficient and i think we will. these are all tough problems but they need to be handled. being president is like playing three-dimensional chess. maybe four dimensions. caller: thank you, c-span. is the last year, didn't the president give over $1 tri
to people in united states of america who are in need of help, or help reduce the deficit that was testified to be the greatest national security threat to the united states of america. it is a matter of priorities. i appreciate the very noble -- i emphasize the word noble -- effort to help people who are in harm's also way in various parts of the world. my colleague from florida mentioned somalia. certainly in vietnam we tried to do the noble things. we're in a different financial reality. in the absence of a national security interest in the congo, i am afraid that sequestration will force us to retract even though we may wish to the contrary. i yield back the remainder of my time. >> a couple of questions. sequestration is not only obama's, but also our responsibility. i believe we voted for it. >> i did not vote for it. >> we talked about this whole issue. it has been suggested that perhaps -- >> $80 million. is that more or less correct? [indiscernible] >> we will hear that in a few moments. if that is correct, i would point out that this really is a national security issue for america
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